Dorsey & Whitney Trust CO LLC Makes New $1.12 Million Investment in American Superconductor Co. (NASDAQ:AMSC)

Dorsey & Whitney Trust CO LLC acquired a new position in American Superconductor Co. (NASDAQ:AMSC - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 45,300 shares of the technology company's stock, valued at approximately $1,116,000. Dorsey & Whitney Trust CO LLC owned approximately 0.11% of American Superconductor at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Arizona State Retirement System lifted its position in American Superconductor by 4.1% during the fourth quarter. Arizona State Retirement System now owns 11,092 shares of the technology company's stock worth $273,000 after buying an additional 439 shares during the period. Atria Wealth Solutions Inc. raised its position in American Superconductor by 4.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 12,475 shares of the technology company's stock valued at $307,000 after buying an additional 500 shares during the period. Rhumbline Advisers grew its stake in American Superconductor by 1.2% in the fourth quarter. Rhumbline Advisers now owns 51,119 shares of the technology company's stock valued at $1,259,000 after purchasing an additional 606 shares in the last quarter. New York State Common Retirement Fund lifted its position in shares of American Superconductor by 3.8% during the 4th quarter. New York State Common Retirement Fund now owns 66,536 shares of the technology company's stock worth $1,639,000 after purchasing an additional 2,436 shares during the last quarter. Finally, Spire Wealth Management raised its stake in American Superconductor by 17.7% during the fourth quarter. Spire Wealth Management now owns 17,517 shares of the technology company's stock worth $431,000 after acquiring an additional 2,628 shares in the last quarter. 52.28% of the stock is owned by institutional investors and hedge funds.

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American Superconductor Stock Performance

Shares of NASDAQ:AMSC traded down $0.57 during midday trading on Thursday, reaching $18.64. 705,563 shares of the company's stock traded hands, compared to its average volume of 1,060,229. The stock has a 50 day moving average of $26.50 and a 200 day moving average of $26.04. The company has a market cap of $735.53 million, a price-to-earnings ratio of 266.32 and a beta of 2.45. American Superconductor Co. has a one year low of $11.36 and a one year high of $38.02.

American Superconductor (NASDAQ:AMSC - Get Free Report) last announced its earnings results on Wednesday, February 5th. The technology company reported $0.09 earnings per share for the quarter, topping the consensus estimate of $0.07 by $0.02. American Superconductor had a return on equity of 8.95% and a net margin of 1.64%. Sell-side analysts predict that American Superconductor Co. will post 0.41 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Oppenheimer raised their price target on shares of American Superconductor from $33.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, February 7th.

American Superconductor Profile

American Superconductor Corporation, together with its subsidiaries, provides megawatt-scale power resiliency solutions worldwide. The company operates through Grid and Wind segments. The Grid segment offers products and services that enable electric utilities, industrial facilities, and renewable energy project developers to connect, transmit, and distribute power under the Gridtec Solutions brand.